Weighted Interpretive Structural Modeling for Supply Chain Risk Management: An Application to Logistics Service Providers in Turkey

Zuhal Cilingir Uk (), Cigdem Basfirinci and Amit Mitra
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Zuhal Cilingir Uk: Department of Tourism Management, Ondokuz Mayis University, Samsun 55440, Turkey
Cigdem Basfirinci: Department of Advertising & Public Relations, Trabzon University, Trabzon 61335, Turkey
Amit Mitra: Department of Systems and Technology, Auburn University, Auburn, AL 36849-6266, USA

Logistics, 2022, vol. 6, issue 3, 1-22

Abstract: Background : The aim of this paper is to introduce weighted interpretive structural modeling approach to supply chain risk management efforts by presenting an application to identify micro risks of logistics service providers at the industry level in Turkey. Methods : In this research, eighteen risk factors in the logistics sector have been identified through both literature review and recommendations from a group of academicians and experts in the sector. A survey was conducted to rank these risks. They were further analyzed through a weighted interpretive structural modeling (WISM) approach in order to demonstrate mutual relationships among these risks. Results : Finally, using a WISM approach, an analysis was conducted to identify the driving and dependence power of the risk factors. This study covers a variety of micro-risk factors of logistics service providers and demonstrates the relationships among them and clusters them based on their driving and dependence power. Conclusions : Such a clustering of the risk factors helps us identify those that affect the others and are of paramount importance in risk management and mitigation.

Keywords: weighted interpretive structural modeling (WISM); supply chain risk management; logistics service providers; driving power; dependence power; Turkey (search for similar items in EconPapers)
JEL-codes: L8 L80 L81 L86 L87 L9 L90 L91 L92 L93 L98 L99 M1 M10 M11 M16 M19 R4 R40 R41 R49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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